What s going on with the sudden closure of the online business loan limit? When will it be restored?

With the continuous expansion of its business, Ant Financial has also developed a number of credit products, among which MyBank is a platform specializing in online lending. As long as many users have opened a store, such as Bazaar, Tmall, Xianyu, etc., then there may be an online business loan line. Due to the low interest rate and high amount of online merchant loans, many store owners have applied for a quota to expand their operations.

Some shopkeepers found that their online business loan line was inexplicably closed, what is going on?

1. Reasons for the closure of the online business loan line

1. Don't use it for a long time

Since the amount of online loans is very small, the amount will not be easily disbursed, and it will be issued according to the borrower's usual use;

After all, the liquidity of resources is here, and since you don't need it, send it to those who need it more.

2. Early repayment

Although online business loans support early repayment, there is an unwritten rule in the industry, and most institutions don't want you to repay early;

After all, one more day of interest income will be used for one more day, and you have proof of early repayment that you have money, and you don't need the quota for the time being, so is it natural to recover it?

3. There is an abnormal credit

To open an online business loan, two aspects of credit should be examined:

1) Personal credit of legal persons.

2) The operation of the store.

Since the application for an online business loan requires the personal credit of a legal person to take out a loan, if the store credit or personal credit is abnormal, the quota will be closed, such as the store has illegal point deductions, the individual has overdue records, etc., which will cause the quota to be closed.

2. How to restore the quota after the online business loan is closed

Since store violations are the most direct reason for closing, the store deduction points must be cleared before it can be reinstated.

Individuals cannot cancel the account after the account, and the same as the registration of the account, the individual cannot cancel the account after registration, you have to call Alipay MYbank customer service** to let them help you cancel it, at present, you can't cancel it.

If you want to cancel the loan, you can go directly to the online banking in Alipay.

If the loan is cancelled, it can also be repaid in advance.

As for the cancellation, you can't cancel it, you can only ask the customer service to help you cancel.

Extended information: Precautions for Alipay to close online business loans:

1. Before closing the online business loan, the loan must be fully repaid, otherwise it cannot be closed.

2. Each person only has one chance to open an online business loan, and it will not be able to open it again after closing the online business loan, so you must consider carefully before closing.

Disadvantages of closing online business loans:

1. After the closure of the online business loan, when we urgently need to borrow a short-term fund, there will be one less way to borrow money quickly, after all, the online business loan can be received in 30 minutes at the earliest.

2. The minimum loan amount of online business loans is only one yuan, which is rare in the market at present, and it is a great convenience for borrowers. After closing, it is difficult to find such an opening.

3. The daily interest rate that can be provided for users with excellent credit can be provided by online business loans, which is quite advantageous and can not be enjoyed after closing online business loans.

4. If we apply for an online business loan and close it immediately, it will affect Sesame Credit.

The accumulation can be said to outweigh the losses.

Principle: The principle of three sexes"It refers to safety, liquidity, and efficiency, which are the fundamental principles of commercial banks' loan operations. Commercial Bank Law of the People's Republic of China.

Article 4 states:"Commercial banks take safety, liquidity, and efficiency as their operating principles, and practice independent operation, self-risk, self-responsibility for profits and losses, and self-restraint. "

1. Loan security is the primary issue faced by commercial banks;

2. Liquidity refers to the ability to lend according to a predetermined term, or quickly realize the ability to cash out without loss to meet the needs of customers to withdraw deposits at any time;

3. Efficiency is the basis for the continuous operation of the bank.

For example, if a long-term loan is issued at a higher interest rate than a short-term loan, the efficiency is good, but the loan term is longer, the risk increases, the security decreases, and the liquidity becomes weaker. Therefore,"Three sexes"There should be harmony between them, so that there will be no problems with the loan.

1.Check Sesame Credit: Sesame Credit is one of the reference bases for the online merchant loan limit, if there is a default record in Sesame Credit, it is best to delete the bad record through appeal, settlement of the loan, etc., so that the system will recalculate the online merchant loan limit in the next assessment.

2.Check the network status: Network instability and network delay may make the online merchant loan show 0 quota, so you can get the quota as long as you reopen the online merchant loan in a stable network.

3.Check personal information: If there is a recent change in personal information but it is not updated in time, the system will reduce the loan limit or even not give the loan limit in order to reduce the risk of lending.

After updating your personal information, and then re-enter the online merchant loan page, the system will usually recalculate the limit.

4.Check the account status: When Alipay's status is abnormal or locked, users cannot use the online merchant loan service. It is recommended to unlock the Alipay account first, and then apply for an online merchant loan, so that you can get the loan amount normally.

There are two situations in which the online merchant loan can be restored after it is closed, and the user needs to refer to the specific situation.

1. If the user contacts the MYBank customer service using ** and actively closes the loan permission, the MYBank loan cannot be re-opened again.

2. If the user does not contact MYbank's manual customer service to close the loan permission, but the system evaluates that the user does not support the loan application temporarily, the user can re-open the MYbank loan again. Users need to wait for the system to re-evaluate the comprehensive assessment, which is subject to the display on the loan page.

If the user closes the online merchant loan due to the second situation, he or she needs to maintain a good credit history during the closing period of the online merchant loan. If there is an arrears under the user name, you need to repay the loan in time. After that, keep your Alipay and online merchant loan accounts active.

When the user upgrades the loan to an online business loan, the previous borrowing record will be transferred to the online business loan, and the user can check it in the online business loan. Online business loans and loans are independent of each other, independent of each other, and do not affect each other.

MYbank is an exclusive loan product prepared by MYbank for users, which can provide users with better loan product solutions and have the opportunity to obtain better loan amounts according to their actual situation. Users can work hard to improve their operating income and their own credit, which helps to increase the probability of opening online business loans.

As we all know, with the development of the Internet era, it is now a very common thing to apply for online loans, and there are many channels for loans, and online business loans are one of them. Many borrowers have asked, how long is the loan amount of online merchants? Usually at this time!

How long does it take to get an online loan**?

Online loans are revolving loans, so the amount can generally be restored immediately after repayment.

However, considering that the system will evaluate and review users from time to time, and adjust the quota according to the audit results. Therefore, if there has been bad behavior before, the credit of the account will be reduced; Or the store is not operating well, and the user may not be able to recover the quota after repaying the money. If there is no recovery quota and there is no available quota in the account, then the user can no longer borrow.

However, it is generally not possible for the repayment amount to be restored. After all, it's good to maintain an appropriate borrowing frequency; Personal credit is also good; If the quality of the store's operation is also maintained very well, the user can restore the quota immediately after repaying the money.

If the amount is not recovered after payment, then the user can actually improve the credit for a period of time and improve the quality of the store's operation. After some time, perhaps the orange shirt system will restore the amount of the account.

If there is no online merchant loan limit due to store violations, point deductions, reduction of personal credit, and sesame points, it will take at least half a year to recover.

If it is for security reasons, the loan amount of the online merchant will be restored after switching to the environment for a period of time, which will be 1-2 months at most. Therefore, the recovery time of online merchant loans should be determined according to the reason for closure. Specifically, you can continue to pay attention to the changes in online business loans.

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It depends on what the reason is, according to the analysis of the above reasons, if it is a personal or store reason, it can be opened again after improvement, if it is a policy reason, then when the amount is sufficient, there will be a limit for online business loans, according to the feedback of netizens, it can be opened in about half a year to a year.

Extended Information] The reason why the online merchant loan was closed.

1.There is a problem with the operation of the store.

Since the online business loan is a business loan for small and micro enterprises and individual entrepreneurs, the changes in personal accounts and the operation of the store are very important.

2.Low usage.

Like borrowing, Alipay will evaluate the situation of accounts and stores from time to time, and if it is found that the online merchant loan has not been used, it proves that you do not need the loan, then the amount will be recovered and issued to those who need it more. If you find that you have been derated or your quota has been closed, it is likely that this is the reason.

3."I can't provide you with a loan for the time being".

Due to the rectification of the China Banking Regulatory Commission, the loan amount of the entire market is very tight, and online business loans, like borrowing, are greatly affected by the policy, and may not have too many credit lines, which will reduce the quota of some users.

4.There are violations.

Since the online merchant loan is given by the system, and the evaluation is carried out from time to time, it is possible to find out that your online merchant loan is swiped out through the collection code, and it will be closed directly.

The online business loan is a pure credit personal business loan in the Alibaba system, which is unsecured and unsecured, and the expected annualized interest rate is much lower than that of similar products in the market, which can help you quickly solve financial problems and develop the market steadily. In fact, the definition of online business loan is the same as the previous borrowing, which is an Alipay financial loan product.

The service object of online business loan is Alipay users, which is mainly to provide fast loan services for Alipay users, its interest rate is very low, the expected annualized interest rate of the day, the term is 12 months, the loan amount is up to 10,000 yuan, and the expected annualized interest rate of the loan is very, very low in financial products, which is a big benefit for friends who are eager for small loans.

The steps for recovery are as follows:

1. Pay off the overdue arrears as soon as possible. If there is overdue, you must pay off the arrears as soon as possible, and avoid some behaviors that damage the credit information, such as frequent card application and loan application, and failure to repay the arrears on time. The most important thing is to maintain good credit, after all, good credit is the success of applying for a loan.

2. Increase the number of times Alipay is used. In this way, you can increase the activity of your Alipay account and interact more with your friends, such as chatting, transferring money, etc. If you have idle money, you can also deposit it in Yuebao, so as to establish a good credit foundation, which is also very helpful for the recovery of the loan limit of online merchants.

Extended information: 1. MYbank and its cooperation policy are business loans launched by MYbank and its cooperation policy for small and micro enterprises and individual entrepreneurs, which is a relatively high amount of products, which can be withdrawn to Alipay account, bound bank card or MYbank account.

2. According to the usage and operation of each account, the amount of online business loan is also different, you can log in to the Alipay app and click [My] - [Online Business Loan] to check the limit. Generally speaking, the amount of the next payment ranges from tens of thousands to hundreds of thousands, and individual high-quality customers can reach one million dollars, with a maximum of 2 million.

3. Application materials for online business loans.

1) The second-generation ID card (or temporary ID card) must be copied on the front and back and must be within the validity period; It is best to provide color ** for the ID card of the legal representative, and copies can be provided for others (note: if the spouse has a special status, he can provide military officer ID, soldier ID, Taiwan compatriot ID, Hong Kong resident ID card, passport, etc.).

2) A copy of the marriage certificate of the actual controller is required, a marriage certificate is required for those who are married, and relevant certificates are required for other marital status (single and widowed do not need to provide a single certificate).

3) Provide the statements of the main bank accounts for the last 6 months, please try to provide the statements of all the bank accounts, which is conducive to your smooth loan. The account name, and flow must be clear, both for corporate and private accounts (the main account is preferred, and we usually accept the private account of the legal person and the actual controller).

4) Power of attorney for personal & public credit inquiry.

5) Joint repayment commitment.

6) The manufacturing enterprise shall provide the proof of the payment of electricity charges in the past 3 months, and the name of the company or legal person or actual controller shall be on the document; (If the enterprise is leased and cannot provide the electricity bill, a copy of the lease contract + the electricity bill issued by the landlord can be provided).

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